Department of Economics
440 ELLIOTT HALL (248) 370-3283
Fax: (248) 370-4275
Chairperson: Anandi P. Sahu
Professor emeritus: Eleftherios N. Botsas
Professors: Addington Coppin, Sherman Folland, Oded Izraeli, Kevin J. Murphy, Anandi P. Sahu, Jonathan Silberman, Miron Stano
Associate professors: Nivedita Mukherji, Ram Orzach, Kasaundra Tomlin, Ronald L. Tracy
Assistant professors: Fuad Hasanov, Xie Zhu
Chief adviser: Anandi P. Sahu
The Department of Economics offers a variety of programs for undergraduate students interested in economics: a Bachelor of Arts with a major in economics, a Bachelor of Science with majors in economics and business economics (see the School of Business Administration portion of this catalog) and a Bachelor of Science with a major in actuarial sciences that is jointly offered with the Department of Mathematics and Statistics (pending final approval by the Oakland University Board of Trustees).
The economics curriculum teaches students the concepts and tools of economic analysis, while providing them with the breadth and flexibility of a broad general education degree. Students learn how economic analysis can be applied to major problems facing individuals, businesses, the nation and the world today. A major in economics prepares students for the workplace of the future, which will require workers who are flexible, adaptable to change and who can propose practical solutions to solve problems quickly.
Besides preparing students for a career in the public and private sector, an education in economics is excellent preparation for law school, graduate school in public administration or economics, or a Master of Business Administration (MBA) program. Economics is a flexible choice for students seeking a rigorous, well-respected and relevant major without specializing in a narrowly defined area.
The Bachelor of Arts degree with a major in economics allows a student to pursue a liberal arts education while providing a background that businesses considers appropriate for most entry-level management positions. The Bachelor of Science degree with a major in economics has additional requirements in business and economics while providing educational and career flexibility not offered by a degree in business. The minor in economics is useful for liberal arts majors with an interest in business and for business majors who want to demonstrate their solid grounding in economics, the foundation for a business degree. The Bachelor of Science with a major in actuarial sciences prepares students for jobs in actuarial science as well as provides them with the educational background necessary to pursue an advanced degree in economics, mathematics, statistics, or business administration.
Students who are interested in attending graduate school in economics should see the department chairperson or an economics faculty mentor at an early stage of their undergraduate program. Academic advisers in the School of Business Administration (for B.A. and B.S. degrees) and the College of Arts and Sciences (for B.A. degree) or the chairperson of the Department of Economics do general student advising.
Economics majors are eligible for departmental honors if their grade point average in all economics and other courses taken from the School of Business Administration is 3.33 or above.
Promising economics students may be invited to join Omicron Delta Epsilon, a national economics honor society.